46: Engineering Passive Income Streams to Fund the Life You Want with Financial Samurai

46: Engineering Passive Income Streams to Fund the Life You Want with Financial Samurai

This week’s episode features Sam Dogen from Financial Samurai. After one month working for a top investment firm, Sam knew 70-hour workweeks were not the life he wanted. So Sam took action immediately. Instead of fancy cars and dinners out, Sam shared a studio apartment with a friend and socked away HUGE sums of money—50% of mediocre starting salary. He invested in real estate (shocker), stocks, and bonds—and continued his massive savings rate. Taking advantage of the economic downturn, Sam engineered his layoff and an enormous payout. Sam now lives the life he wants, having set up multiple passive income streams during his working years. He spends time with his family every day and embodies the concept of financially free. He no longer trades his time for money; his money just simply reproduces itself and does all the heavy lifting. This episode is a great look at how a little upfront discomfort can lead the your best life. Links from the Show Craigslist PayPal BiggerPockets Jobs Why Households Need To Earn $300,000 A Year To Live A Middle Class Lifestyle Today (blog) Don't Quite, Get Laid Off Instead (blog) Learn more about your ad choices. Visit megaphone.fm/adchoices

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229: The 6 Money Mistakes High School/College Students MUST Avoid

229: The 6 Money Mistakes High School/College Students MUST Avoid

Most college students know next to nothing about money. Even worse, many of them sign on to expensive student loans with almost no plan on how they’re going to pay it back. While this is the average, ...

6 Syys 20211h 6min

228: Finance Friday: Is “Random Spending” Ruining Your Budget?

228: Finance Friday: Is “Random Spending” Ruining Your Budget?

“Beware of little expenses; a small leak will sink a great ship.” This is the topic of today’s episode, where we interview Jenny for a Finance Friday review. Jenny is finishing up her fourth degree an...

3 Syys 20211h 27min

227: ‘Rocketing' To FI at Age 35: What’s Life Like Post-Retirement?

227: ‘Rocketing' To FI at Age 35: What’s Life Like Post-Retirement?

What do you think of when you think about retirement? Are you on a tropical island drinking fruity cocktails out of a coconut? If you dream about that sort of retirement, Steve Adcock may have some re...

30 Elo 20211h 3min

226: Finance Friday: Is Your Cash Losing Value While You Wait to Invest?

226: Finance Friday: Is Your Cash Losing Value While You Wait to Invest?

Sometimes having a lot of cash can be dangerous. Would you rather be sitting on months (or even years) worth of emergency reserves or have your money be challenging inflation by sitting in investments...

27 Elo 20211h 24min

225: From $52K in Debt to $100K/Month in (Almost) Passive Income

225: From $52K in Debt to $100K/Month in (Almost) Passive Income

A lot of people in the financial independence community successfully get out of debt, but not many of them get out of debt and then start a monthly six-figure side business. One person who has done th...

23 Elo 20211h 10min

224: Finance Friday: Paid-Off House Peace of Mind vs. Investing Opportunity

224: Finance Friday: Paid-Off House Peace of Mind vs. Investing Opportunity

Making too much money is a good problem to have, and it’s one that many people in the Bay Area experience. Today we talk to Laurin, a mother of two, making $281,000 a year when combining her salary wi...

20 Elo 20211h 11min

223: How ‘The Rich Immigrant’ Went from $10/Hour to Wealthy Globetrotter

223: How ‘The Rich Immigrant’ Went from $10/Hour to Wealthy Globetrotter

Dee Olateru doesn’t have the traditional FI story, but it didn’t take her long to catch onto the concepts that now allow her to live a life exactly how she sees fit. Dee immigrated to the United State...

16 Elo 202145min

222: Finance Friday: Are You Too Over-Diversified In Your Investments?

222: Finance Friday: Are You Too Over-Diversified In Your Investments?

Investments galore! This week, we talk to Jeana and Scott, a couple with a hefty amount of investments under their belt. We know what you’re thinking, “what type of stocks and real estate are they inv...

13 Elo 20211h 30min

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